SML Isuzu Limited announced that Intimation/Order received from Assistant Commissioner of Commercial Taxes, LGSTO 330 Hubli (Karnataka). Nature and details of the action(s) taken, initiated or order(s) passed- Order for drop of the proceedings u/s 73(8) of SGST and CGST Act and Rules 2017. An order has been issued by LGSTO Authority for the period April 2019 - March 2020 confirming the drop of proceedings against demand of IGST INR 13 million on account of Excess Input Credit (ITC) claimed along with Interest of INR 9.42 million & Penalty INR 1.308 million against show cause notice (DRC-01) dated May 27, 2024.

Date of receipt of direction is June 28, 2024.